TD Securities analysis team notes that the RBA Governor’s testimony to the House of Representatives provided no indication the Bank is considering cutting the cash rate soon. Key Quotes “Governor Lowe noted “As was the case six months ago, it does not see a strong case for a near-term change in the cash rate.” “The RBA can take comfort that businesses are holding up better than NAB’s Dec Survey suggested (Q4 capex/Jan employment were strong), helping to provide a cushion against the soft consumer.” “The RBA will not be privy to Wed’s Q4 GDP outcome. Although the risks to the RBA’s implied 0.6%/q forecast is to the downside, a cut by April or May appears unlikely given the medium term emphasis. We pay May OIS at 1.4525%, target 1.50%, stop 1.42%, A$50k/bp.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s Zhang: US focus on security issues of Chinese goods ‘unfair’ FX Street 4 years TD Securities analysis team notes that the RBA Governor's testimony to the House of Representatives provided no indication the Bank is considering cutting the cash rate soon. Key Quotes "Governor Lowe noted "As was the case six months ago, it does not see a strong case for a near-term change in the cash rate." "The RBA can take comfort that businesses are holding up better than NAB's Dec Survey suggested (Q4 capex/Jan employment were strong), helping to provide a cushion against the soft consumer." "The RBA will not be privy to Wed's Q4 GDP outcome. Although the risks to the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
